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Debtor Education Course After Filing for Bankruptcy

Sawin & Shea

Medical bills, credit cards, payday loans, and struggling businesses – it can seem like the letters and calls from creditors will never stop. Bankruptcy filings for both individuals and businesses are on the rise. Since 2005, a debtor education course from an approved provider is mandatory for anyone who files for bankruptcy.

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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

This event will be noted on your credit report and may remain there for up to seven years. It may lead to bankruptcy. When there’s no other option to pay your debt, you may be forced to declare bankruptcy. Credit counselors help create budgets, offer free educational workshops, and develop plans to repay debts.